Business

Vodafone (VOD.L) said on Wednesday shareholders would receive 0.026 shares in Verizon Communications (VZ.N) for each Vodafone share they own as part of their payout for the $130 billion sale of the group's stake in Verizon Wireless. The British company...

Standard Chartered Plc (STAN.L) is seeking buyers for a Hong Kong consumer finance business worth $500 million to $700 million, according to people familiar with the matter, as the Asia-focused lender sells off peripheral businesses. A sale would come after...

China's banks will have to increase their liquidity coverage ratio (LCR) to 100 percent by 2018 under new rules to take effect from March 1, the banking regulator said on Wednesday. The China Banking Regulatory Commission (CBRC) also reaffirmed its...

Hewlett-Packard Co's senior executives were aware of Autonomy Corp's accounting practices months before a whistle-blower flagged them, prompting HP to write down Autonomy, the Financial Times reported citing email records. Palo Alto, California-based HP has said it was a victim...

Japanese shares surged and the yen sagged on Tuesday after the Bank of Japan doubled loan programs aimed at stimulating bank lending and economic growth, while most other Asian shares were softer after solid gains in recent sessions. European shares...

China drew $10.76 billion in foreign direct investment (FDI) in January, up 16.1 percent from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world's second-largest economy remains firm even as growth cools. The...

Japan's Canon Inc said on Tuesday that it will buy back up to 1.6 percent of its own shares, spending up to 50 billion yen ($490.7 million) between February 19 and April 4. The company last carried out a share...

India's Finance Minister Palaniappan Chidambaram has cut indirect taxes on cars and mobile phones in an attempt to boost economic growth. Mr Chidambaram unveiled the move as he presented the interim budget ahead of this year's general elections. In his speech...

The eurozone's banks are about to get greater insight into the European Central Bank's landmark review of their books, as national experts and their advisers meet in Frankfurt on Monday to hammer down details of the next phase of...

Asian shares built on their recent rally on Monday as worries about emerging markets continued to ebb, sucking the safe-haven support out of the U.S. dollar while giving commodities a lift. Stocks across the region felt the benefit with MSCI's...